Maintain day-to-day financial control over payment processing.
Highlight and escalate payment processing exceptions to the Function Head and /or relevant parties as per the escalation matrix.
Ensure accounting and recording of payments is in line with the Group\xe2\x80\x99s accounting policy.
Review and approve final payment vouchers prior to release of payment.
Review payments periodically to ensure they are processed in a timely manner and are reconciled with supplier\xe2\x80\x99s statements of accounts.
Manage monthly closing of financial records and posting of month end information while ensuring accuracy of financial statements to the extent applicable.
Ensure processing deadlines are met as per the Service Level Agreement.
Ensure timely update of the Process Tracking Register for payments processed and highlight instances of non-compliance with Service Level Agreement, as deemed appropriate.
Facilitate Internal and External Auditors to satisfactorily conduct audit of payables and implement action plans agreed from qualitative and quantitative audit feedback.
Discuss and agree the sources of funds to be used for making payments (own funds, credit facilities, LC, forex covers etc.) with the Head of Department on an on-going basis.
Strategic Roles and Responsibilities
Review and recommend modifications to accounting systems and procedures
Liaise with Management to improve financial procedures
Highlight and escalate payment processing exceptions to the Function Head and /or relevant parties as per the escalation matrix.
Provide input into department\xe2\x80\x99s goal setting process
Support in checking/Approving payments before it goes for next approvals
People Management Roles and Responsibilities
Guide and motivate subordinates to enhance performance and produce quality work, and ensure that they are continuously developed for higher level roles
Ensure distribution / proper allocation of work to direct reports and maintain their respective work schedules.
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